Exclusive Buyer Agency was founded upon the legal principles of the Common Law of Agency and Full Fiduciary Duties. As a whole, NAEBA’s ethical standards surpass legal and industry standards. A NAEBA member acts in a trustworthy manner and always acts in his/her Buyer-Client’s best interest. As a witness of our commitment to these principles, to integrity and to professionalism, NAEBA has established the following Code of Ethics:
▶ Article 1: Duty of Confidentiality
A NAEBA member shall keep information from a Buyer-Client confidential unless the Buyer-Client has given permission to disclose such information.
▶ Article 2: Duty of Accounting
A NAEBA member shall provide a true account of money or property entrusted to them, received by them, or paid out on behalf of the Buyer-Client whenever requested.
▶ Article 3: Duty of Reasonable Skill and Care
A NAEBA member shall act on behalf of a Buyer-Client with due diligence, professionalism, and reasonable skill and care.
▶ Article 4: Duty of Undivided Loyalty
A NAEBA member shall provide undivided loyalty to a Buyer-Client and not advance the interests of sellers, themselves, or their real estate company above the interests of the Buyer-Client.
▶ Article 5: Duty of Obedience to Lawful Instruction
A NAEBA member shall follow all reasonable, lawful instructions of their Buyer-Client in the Buyer-Client’s transaction.
▶ Article 6: Duty of Advocacy
A NAEBA member shall advocate for, with, and on behalf of a Buyer-Client and their best interest at all times.
▶ Article 7: Duty of Full Disclosure
A NAEBA member will provide full disclosure of all facts known to him/her regarding a seller or a property that are material to or would have an effect on the transaction.